Mexichem, S.A.B. De C.V. Reports Earnings Results for the Second Quarter Ended June 30, 2019
July 23, 2019
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Mexichem, S.A.B. De C.V. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 1,839 million compared to USD 1,968 million a year ago. Operating income was USD 237 million compared to USD 317 million a year ago. Net income was USD 84 million compared to USD 162 million a year ago. For the half year, sales was USD 3,605 million compared to USD 3,724 million a year ago. Operating income was USD 423 million compared to USD 543 million a year ago. Net income was USD 132 million compared to USD 241 million a year ago.
Orbia Advance Corporation SAB de CV, formerly Mexichem SAB de CV, is a Mexico-based company engaged in the industrial sector. The Companyâs activities are divided into five business groups: Precision Agriculture, Building & Infrastructure, Fluor, Data Communication and Polymer Solutions. The Precision Agriculture business includes Netafim brand, which develops irrigation systems and related services, as well as offers technology for farming digitalization. The Building & Infrastructure business offers pipes for multiple building applications through Wavin brand. The Fluor business operates Koura brand, which manufactures fluorine-based materials used in such industries as healthcare, construction and transportation. The Data Communication business is responsible for production and installation of communication and power cables through Dura-Line brand. The Polymer Solutions business includes vestolit and alphagary brand names, which provides plastic resins and other compounds.
ORBIA ADVANCE CORPORATION, S.A.B. DE C.V. 
